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Category Guide

Watch Investment

The right watch, bought correctly, holds value across generations. The air-cooled era Porsche of horology — the complicated Patek, the steel sports Rolex — has proven itself across market cycles. We cover the complete picture for serious collectors.

Investment Is the Wrong Frame

Most watches lose money. The handful of references that appreciate are widely known, heavily traded and priced accordingly, which means the opportunity that made them famous has usually closed before the story reaches print. Anyone describing a watch as an investment without discussing spread, liquidity and the cost of holding it is selling something.

What can be controlled is condition and completeness. Original box and papers, an unpolished case with sharp lugs, a service history from an authorised centre, and the original bracelet or strap are the variables that reliably separate two otherwise identical references at resale. Buy for the object, hold it properly, and treat any appreciation as a consequence rather than a plan. The guides here are written on that basis.